Company: Insurance Council of Australia Page 1 / 3
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- June 3 2025
NSW floods claims top 8,700 as residents face ‘uncertain future’
Over 78% of claims are related to property, according to the Insurance Council of Australia (ICA).
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- May 29 2025
‘Recovery doesn’t happen overnight’: NSW floods claims top 7,000
Claims related to the Mid North Coast and Hunter Regions floods have risen to 7,014 on Thursday, up from 6,109 on Wednesday.
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- May 28 2025
NSW floods claims jump 20%, clean up and recovery expected to be long-term
Insurers have received more than 6,000 claims relating to the Mid North Coast and Hunter region floods as of Wednesday, according to the Insurance Council of Australia.
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- May 27 2025
Insurance catastrophe declared as NSW floods claims near 5,000
Mid North Coast and Hunter flooding event has impacted communities since last week.
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- May 26 2025
‘If it’s flooded, forget it’: as deadly NSW floods recede, claims jump with 10,000 properties damaged
Insurers have received more than 4,100 claims as of Monday after rainfall and flooding hit the region last week.
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- May 21 2025
‘One-in-500-year’: ICA declares NSW flooding a significant event
Event may be escalated to an insurance catastrophe if there is a significant increase in claim numbers or complexity, the Insurance Council of Australia (ICA) says.
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- May 12 2025
Chair of federal flood insurance inquiry named Australian financial services minister
ICA welcomed Anthony Albanese's second Labor government and assistant treasurer and financial services minister Daniel Mulino.
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- May 12 2025
Australia’s extreme weather costs near US$1bn in 2025: ICA
Ex-Tropical Cyclone Alfred was the costliest event at US$770m accounting for more than 90% of the claims.
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- April 15 2025
Australian insurers ‘very worried’ about catastrophic loss from battery fires, ICA calls for holistic plan
Insurance Council of Australia chief Andrew Hall says there are no plans to charge more households with lithium batteries or restrict their use.
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- April 14 2025
ICA has ‘significant concerns’ over Labor’s home guarantee expansion
Government plans to guarantee all low-deposit home loans for first home buyers under lenders’ mortgage insurance (LMI).
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- April 2 2025
Cyclone Alfred, north Queensland flood losses top US$751m
Insurers have received more than 105,000 claims following the two events at the start of 2025, according to the Insurance Council of Australia.
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- April 1 2025
Worst flooding in 50 years hits Australia’s western Queensland, over 100,000 livestock lost
State emergency services minister Dan Purdie says the area covered by water is 'double the size of Victoria'.
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- March 20 2025
Cyclone Alfred claims top 74,000, insurer extends pet coverage
Queensland remains the most affected area, with about 69,000 claims following the event earlier this month.
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- March 19 2025
Review panel urges Australian insurers to implement General Insurance Code recommendations on pricing
The ICA, in its action plan released earlier this week, had disagreed with pricing-related recommendations of the independent panel’s final report.
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- March 17 2025
Cyclone Alfred claims top 63,000, but event ‘not as significant as first feared’
Insurance Council of Australia also releases its Industry Action Plan, which outlines the industry’s position on the remaining recommendations from the Parliamentary Flood Inquiry and the independent review of the industry’s Code of Practice.
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- March 14 2025
Queensland flood insured losses reach US$103m
Insurers have received more than 7,600 claims following the severe weather and flooding earlier this month, according to the Insurance Council of Australia (ICA).
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- March 12 2025
Cyclone Alfred payouts top US$1.5m as claims surge 50%
Economic and insured loss impacts expected to reach 'at least into the hundreds of millions', according to Aon.
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- March 12 2025
Opinion: As APAC’s nat cat bill rises along with the nerves of insurers, is it time for governments to lend a hand?
Commercial (re)insurance market across Asia-Pacific faces an increasing severity and frequency of climate-related risks, which are seen as the defining challenge of our time, with stakes particularly high for the region.
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- March 11 2025
Cyclone Alfred claims ‘spike’ to over 22,000 as clean-up begins
Majority from Queensland, according to the Insurance Council of Australia, with claims from New South Wales set to increase in coming days.
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- March 9 2025
Cyclone Alfred claims top 3,000, thousands more expected in coming days
ICA declares insurance catastrophe as flash flooding, thunderstorm warnings remain with remnants of the ex-cyclone moving inland.
